After clearing GST dues, SpiceJet clears four months pending salary of employees
First Published: 1st October, 2024 15:32 IST
A week ago, the airline has cleared all pending salaries, much to the relief of its workforce, ahead of the festive season.
After clearing pending GST dues, airline SpiceJet has credited the four months pending salaries of its employees.
The airline had been grappling with financial woes and unpaid employee salaries for the past many months.
A week ago, the airline has cleared all pending salaries, much to the relief of its workforce, ahead of the festive season.
“I am still in shock! Getting four months’ salary in the last five days was unexpected. It’s like Diwali came early!” said Vishnu Prasad, an executive at reservations department.
“I was worried about my family’s future. I am so happy that the management has kept its word. We were promised all dues would be cleared by September 30 but they did it much before. I am proud to be part of this team!” said Manish Kumar, a security staff.
A airport staff, Deepak Singh, still processing the sudden shift, remarked, “I honestly couldn’t believe it when I saw my account. Three months of salary paid in one go and then getting my September salary on time, it’s a huge relief.”
These developments have come after the airline raised Rs 3,000 crore through a Qualified Institutional Placement (QIP).
The QIP attracted a diverse range of top-tier institutional investors and funds, including marquee names such as Goldman Sachs (Singapore), Morgan Stanley Asia, Tata Mutual Fund, and Discovery Global Opportunity Ltd.
Along with employee dues, the airline has also cleared outstanding GST payments, signalling a broader effort to rectify its financial standing.
With plans to introduce new aircraft, expand its routes, and restore its network, SpiceJet is signalling its intent to regain a stronger position in the competitive aviation market.
Employees, now relieved and re-energised, are ready to resume their roles with optimism, hoping to see the airline reclaim its foothold in the sector. (ANI)
COMMENTS
TOPMOST STORY NOW
Live Most Accused Involved in Planting Bomb-Like Device in Assam on I-Day Arrested:DGP GP Singh
01st October 2024Live Army Chief Gen Upendra Dwivedi Lauds Israel’s Precision Operation Against Hezbollah Leadership
01st October 2024Live Weather update in NE, India and neighbourhood today
01st October 2024Live Manipur Stable, But Still Tense: Army Chief General Upendra Dwivedi
01st October 2024WE RECOMMEND
Surgeon Vice Admiral Arti Sarin, First Woman Director General of Armed Forces Medical Services
Surgeon Vice Admiral Arti Sarin has been appointed as the Director General of Armed Forces Medical Services (DGAFMS) on Tuesday
01st October 2024Ahead of Puja season, Trade unions call for 12-hour general strike in Darjeeling and Kalimpong over bonus for workers
Pathak also said that tea garden workers would gather in front of their factories and not attend work starting Tuesday.
30th September 2024Healthcare cost in India rising by 14 per cent annually: Report
HII index report noted that each year the healthcare cost in the country is becoming expensive because there is double-digit inflation in healthcare.
28th September 2024Hardeep Singh Puri calls to build consensus over bringing petrol, diesel under GST
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday called to build consensus over bringing petrol, diesel under the Goods and Services Tax. While delivering a lecture on “Strategy and Measures for Enhancing India’s Energy Security in the Coming Decade” at the Pune International Centre’s (PIC) 14th Foundation Day lecture, he said, “I have heard a suggestion to […]
28th September 2024Vande Bharat on the shopping list of several foreign buyers, railways focus on speed and security
Countries like Chile, Canada, Malaysia have shown keen interest for importing the Vande Bharat Trains from India.
28th September 2024